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Newsquawk Week in Focus 4-9th October 2026: FOMC Minutes, US ISM Services PMI, OPEC+, Canadian Jobs and ECB Minutes
Newsquawk US Market Wrap – Stocks gain as rate hike bets ease on soft NFP
Stocks gain as rate hike bets ease on soft NFP
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar down, Gold down
Power of “50”
EURUSD just tested the “50” level at 1.1250 (held) cited earlier as the pivotal one to watch.
Why is the “50” level pivotal, not just in the EURUSD but across markets?
My Favorite Trading Secret: The Power of the “50” Level
XAUUSD vs. BTCUSD: Why interest rates matter
(1 hour charts)
XAUUSD::Reversal in bond yeilds (up) seeing XAUUSD follow (down) with an outside day that is dependent on 4110 holding to contain the downside.
BTCUSD: Finding 87K+ too tough again and dependent on 85K holding to contain its downside and avoid exposing 84418
Market Update: Bond Yields Rebound
Yields more than recouping post-data losses have given the USD a boost (although still down on the day except vs the CAD), weighing on gold and US stock indices paying notice (off highs) as well. Note crude oil bouncing off lows setting up for what is likely a cautious end to the week.
US Jobs miss on all fronts plus down revision to prior 2 months… yields down, stocks up, USD down, GOLD up
Market Update: Indices
US500: Saved by a FIBO (7617 low vs 7613 (61.8%) with the bounce seeing 7700 print for the 8th day in a row. So keep an eye on the 7700 pattern as that will ultimately dictate the next directional move.
NAS100: Retreat after a brief new record high at 30903 paused above 33100-250 to keep a bid. 30903 now needs to be broken to build momentum and avoid a lower high.
Newsquawk Daily US Opening News – 2nd October 2026
(Right click on any image (or chart) to open a full screen in a new tab)
USDCHF vs. EURCHF
CHF outperforminmg so far for the 2nd day with a weaker EURCHF pushing USDCHF down and causing EURUSD to lag (after diverging yesterday).
EURCHF low at .9305 paused 2 pips above next support at .9303, (below risks ..9270) and USDCHF paused so far above .8264 so keep an eye on this cross if trading the CHF.
EURUSD 1 HOUR: Watch 1.1250 and…
While the focus of trading will be on the reaction in bonds to the US jobs report, a focus in forex will be on the pivotal 1.1250 level.
Why?
1.1250 will dictate whether the market makes a run at the 1.1215 low or 1.1312, above which would indicate low is in for now and confirm a break of momentum to the downside.
COMING UP: Data: Japanese Tokyo CPI (Sep), EZ HICP (Sep), US NFP (Sep). Speakers: ECB’s Vujcic; Fed’s Logan. Supply: Australia. Credit Ratings: Scope on the US.
US Market Wrap: Markets chop to Fed speak, data, geopolitics, and diesel on first day of Q4 SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar up, Gold up
